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Money Market Demand Account |
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Money Market Demand Account (M.M.D.A.) An account that pays interest based on short-term interest rates. Same as a Money Market Deposit Account Money Market Demand Account An account, such as a checking or savings account, that pays a certain (low) interest rate to the holder and from which funds may be withdrawn on demand. Money market demand accounts are included in most counts of money supply. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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